Greg McLean'sWolf Creek was one of the best thrillers of 2005. Certainly realistic in its impact of exposing some complicated backpacking in Australia. Today the long awaited sequel to Wolf Creek has received financing. Variety report that the deal was announced by Screen Australia's Ruth Harley at the Melbourne Intl. Film Festival this past weekend. The original 2005 release cost $1.1 million to make but took in $27.8 million at the worldwide box office. Hit the jump for the details.

The Original Wolf Creek,

Synopsis: "Lured by the promise of an authentic Australian holiday, backpackers RUTGER, KATARINA and PAUL visit the notorious Wolf Creek crater. Their dream Outback adventure soon becomes a horrific reality when they encounter the site's most infamous local, the last man any traveler to the vast and isolated region ever wants to meet; MICK TAYLOR (John Jarratt). As the backpackers flee, Mick pursues them on an epic, white knuckled rampage across hostile wasteland. Only one will remain to be dragged back to his lair to witness the true magnitude of his monstrosity. And if the last man standing is to have any hope of surviving where no one has survived before, he'll have to use every ounce of cunning to outwit the man behind the monster, and become every bit as ruthless as the monster inside the man."

ThePlaylist reports that Mclean will bring back 'Mick' [John Jarrat]& the film will head into pre-production later this year, with a shooting start date of February 2012. We are probably going to have to wait until late 2012 for the release.

Producer Matt Hearn: "We’re keeping story details top secret for now, but it is safe to say scarier, bigger, badder"

Some details have emerged:

Official Sequel Logline: "The outback once more becomes a place of mind-bending horror, action and suspense as another unwitting tourist becomes the prey for crazed, serial-killing pig-shooter Mick Taylor."

Back in September MovieHole caught up with the director who gave up some details on the planned sequel.

Director Greg McLean: "This one's a little wider in scope and we get to see Mick Taylor return in full terrifying glory across the lonely wastes of the Outback. We're hoping to shoot next year and everyone involved is psyched to be seeing John Jarratt reprise Mick. And at the end of the day, from a directors point of view, he's too fascinating and chilling a character to not explore the darkest depths of. And his depths, as you'll see in the new film, are pretty damn dark..."